Weissfeld Corporation manufactures a single product. The direct materials standard calls for 5 pounds of direct material per unit. The standard for direct material cost per pound is $10. A computer error has wiped out the records for the direct labor standards but the following information is found for the month of October:
Required:
a. Calculate the number of pounds of direct materials purchased and used during October.
b. Calculate the materials quantity variance.
c. Calculate the standard direct labor rate per hour.
d. Calculate the standard direct labor hours allowed for October's production.

Question

Weissfeld Corporation manufactures a single product. The direct materials standard calls for 5 pounds of direct material per unit. The standard for direct material cost per pound is $10. A computer error has wiped out the records for the direct labor standards but the following information is found for the month of October:
  Required:
a. Calculate the number of pounds of direct materials purchased and used during October.
b. Calculate the materials quantity variance.
c. Calculate the standard direct labor rate per hour.
d. Calculate the standard direct labor hours allowed for October's production.

Quizplus · Accepted Answer

The Answer of Weissfeld Corporation manufactures a single product. The direct materials standard calls for 5 pounds of direct material per unit. The standard for direct material cost per pound is $10. A computer error has wiped out the records for the direct labor standards but the following information is found for the month of October:
  Required:
a. Calculate the number of pounds of direct materials purchased and used during October.
b. Calculate the materials quantity variance.
c. Calculate the standard direct labor rate per hour.
d. Calculate the standard direct labor hours allowed for October's production.

Weissfeld Corporation Manufactures a Single Product